JKAU: Islamic Econ. Vol. 11, pp. 1-74 Eng, pp. 1-118 Arabic (1419 A.H. / 1999 A.D.) Contents English Section Articles Financial Options in Islamic Contracts: Potential Tools for Risk Management Mohammed Obaidullah .......................................................................................................... 3 Place for an Expenditure Tax in the Islamic Fiscal System Sayed Afzal Peerzade ……….……........................................................................................... 27 Discussion Forum Seif el-Din Ibrahim Tag el-Din Characterizing the Stock Exchange from an Islamic Perspective Comments by: Mohamed Akacem ..........................................…............................................ 57 Book Reviews Nichols Dylan Ray: Arab Islamic Banking and the Renewal of Islamic Law Reviewed by: Mohammed Hashim Kamali ............................................................................. 63 Mohammed Nejatullah Siddiqi: Teaching Economics in Islamic Perspective Reviewed by: Amir Kia …………………….............................................................................. 71 Arabic Section Articles A Perspective on the Change of Money Value Abdul-Jabbar Hamad Obaid Al-Sabhani ……………………………............................................... 3 Discussion Forum Islamic Financial Derivatives for Managing Commercial Risks Abdul-Rahim Abdul-Hameed Al-Saati ……………………………………................................ 55 Discussion and Comment Nazih Kmal Hammad Charging Fees for Debt Guarantees: Extent of Permissibility in Islamic Jurisprudence (Fiqh) Comment by: Al-Siddiq Mohammad Al-Dhareer .................................................................... 95 Book Reviews William Greider: One World: Ready or Not William Greider: Secrets of the Temple Reviewed by: Seif El-Dein I. Taj El-Dein ................................................................................ 105